Dynamically developing crypto exchange Nexo has added Terra (LUNA/USD) to its growing list of assets, Invezz learned from a press release. Nexo informs that users can now buy, exchange, earn, borrow against, and sell LUNA on the platform.

The following options are available:

• Еarn: Receive up to 8% interest on LUNA, paid out daily.
• Buy: Buy LUNA on Nexo and get it in your wallet within seconds.
• Exchange: Swap your LUNA on the Nexo Exchange and get instant cashback.
• Borrow: Borrow against your LUNA at rates as low as 0% APR.

Now, for the details.

Purchasing LUNA is a piece of cake

All it takes is the click of a button. Users need only go to their Nexo wallet, add their bank details, and make an instant and effortless purchase.

The following market pairs for LUNA are available on Nexo:

• LUNA/USDT
• LUNA/BTC
• LUNA/USDC
• LUNA/BNB
• LUNA/EURх
• LUNA/USDх
• LUNA/GBPх

With the initial launch, Nexo customers can only add LUNA to their wallets on the platform by buying assets through the Nexo exchange. LUNA top-ups and withdrawals will be available in the near future.

Borrowing with LUNA as collateral

Nexo clients can borrow stablecoins or cash using their LUNA tokens as collateral at very low rates. This is possible through the exchange’s Instant Crypto Credit Lines™. Gold or Platinum tier Nexo clients are eligible for 0% APR on LUNA-backed credit.

Clients can borrow as much as $2 million. The exchange does not conduct credit checks and processes and approves requests instantly. Borrowers can pay off their loans anytime, in part or in full.

Growing LUNA wealth

On Nexo, you can begin growing LUNA wealth safely and securely. As much as 8% interest can be paid. It is paid out daily on LUNA with Nexo’s Earn Crypto Interest suite. Once topping up is possible, you can begin growing your passive income at once. You don’t need to do anything else.

About Terra

Launched in April 2019, Terra is an open-source blockchain protocol for algorithmic stablecoins powering price-stable global payments systems. Terra combines the wide adoption of fiat currencies with decentralized oracle voting to offer fast and affordable settlements.

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